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CIPS L3M2 Exam - Topic 1 Question 4 Discussion

Use of competition is most obviously going to influence which of the following 'rights'?
C) Price
A) Revenue
B) Time
D) Place

CIPS L3M2 Exam - Topic 1 Question 4 Discussion

Actual exam question for CIPS's L3M2 exam
Question #: 4
Topic #: 1
[All L3M2 Questions]

Use of competition is most obviously going to influence which of the following 'rights'?

Show Suggested Answer Hide Answer
Suggested Answer: C

All aspects of an acquisition may be impacted by the use of competition - normally favourably - but the one we are most likely to see immediate impact on is 'price'.


by Gwenn at Mar 18, 2024, 05:53 PM

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Silvana
7 months ago
Not so sure about that, could be situational.
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Thaddeus
8 months ago
Competition drives prices down, for sure.
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Grover
8 months ago
Surprised this isn't about time!
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Stephane
8 months ago
I think it impacts revenue more.
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Merilyn
8 months ago
Definitely affects price!
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Claudia
9 months ago
This is tricky! I remember discussing how competition can affect place too, like distribution strategies. But I guess price seems the most obvious choice.
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Jin
9 months ago
I recall something about competition impacting time as well, like how companies might rush to deliver products faster. But I'm leaning towards price being the main factor.
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Iola
9 months ago
I'm not so sure about that. I feel like it could also influence revenue, especially if companies are trying to maximize their profits.
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Jamika
9 months ago
I think competition mainly affects price, right? I remember a practice question that focused on how lower prices attract more customers.
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Kayleigh
9 months ago
This is a good test of our understanding of competition and the marketing mix. I'll methodically go through each option and consider how competition would affect that particular "right".
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Mariann
9 months ago
I'm a little confused by the wording of the question. What exactly do they mean by "rights"? Is this about legal rights or something else? I'll have to think this through carefully.
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Alita
9 months ago
Okay, I've got this. Competition is going to have the biggest impact on pricing, so I'm going with option C.
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Huey
9 months ago
Hmm, not sure about this one. I'll have to review my notes on competition and how it affects the marketing mix. Let me see if I can eliminate a couple of the options first.
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Emilio
9 months ago
This seems like a straightforward question about how competition affects different aspects of a business. I'll need to think through the different "rights" and how competition would impact each one.
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Alesia
9 months ago
Alright, I think I've got this figured out. A and B are the right answers here. Product cost by period is all about analyzing actual costs and handling periodic costs, rather than daily postings. The other options don't seem to be as directly relevant.
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Yolande
9 months ago
I've got a good feeling about this one. The answer is definitely B - once the configuration, policy, and Calendar are configured.
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Detra
9 months ago
I'm pretty confident the answer is Strategy. That business architecture perspective would give the necessary context and alignment to the overall business goals to make more informed decisions about application consolidation.
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Mable
10 months ago
I'm going to go with the option that says the stakeholder's influence stays the same. That seems like the safest bet.
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Telma
10 months ago
Wait, I'm confused. Isn't brand awareness about making the brand known to new customers? This campaign seems to be targeting existing ones.
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Pearline
2 years ago
I never thought of that perspective. I agree with Thersa, B) Time makes sense.
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Thersa
2 years ago
Actually, I think B) Time is the right answer. Competition can affect how quickly a product moves.
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Michel
2 years ago
I see your point, but I still think it's D) Place that competition will impact.
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Rodrigo
2 years ago
I disagree. I believe it's C) Price that will be influenced by competition.
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Tijuana
2 years ago
I think the answer is A) Revenue.
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Afton
2 years ago
Competition can also affect the time it takes for products to reach the market.
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Wilburn
2 years ago
True, competition can lead to innovation and higher revenue.
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Jarvis
2 years ago
But competition can also improve quality, which affects revenue.
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Afton
2 years ago
I agree, competition can drive prices down.
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Wilburn
2 years ago
I think the use of competition definitely affects price.
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